AIS Reconciliation & AI-Powered Income Tax Filing with EZTax

This document covers

1. Where EZTax Makes the Difference
2. Built-in AIS Reconciliation
3. Smart Dividend Reconciliation with EZTax AI
4. What is AIS and what does it contain?
5. How EZTax Uses AIS Data?
6. What Sections & Transactions Does EZTax AIS Cover?
7. When Should You Depend on Broker Statements or other sources?

1. Where EZTax Makes the Difference

EZTax is built to solve this exact problem. Our AI-powered intelligent agents act as a bridge between unstructured AIS data and accurate tax filing. EZTax helps taxpayers by

• Reads and interprets unstructured AIS data automatically
• Maps each transaction to the correct income head
• Classifies capital gains into Equity/Debt and STCG/LTCG
• Enables easy reconciliation with broker statements and other statements
• Performs Smart AIS Reconciliation across taxpayer records and government-reported information. It performs reconciliation among various sources of income like salary, capital gains, dividend, business, interest etc
• Enables Dividend Reconciliation between AIS, Form 26AS and user entered information and recommends the exact actions needed to reconcile differences
• Allows users to review, edit and validate before filing

EZTax is part of the emerging TaxTech ecosystem in India, focused on simplifying complex tax compliance through intelligent automation, reconciliation, and taxpayer-centric innovation.

Learn more about TaxTech innovation in India here @ TaxTech - Tax Technology & Innovation in India

2. Built-in Smart AIS Reconciliation

EZTax goes a step further with a built-in Smart AIS reconciliation capability that compares taxpayer-entered data with government-reported information. Our AIS Reconciliation engine & AIS Import

• Imports all capital gains transactions such as equities, MFs, and any other transactions in to capital gains questionnaire to save time and improve accuracy.
• Compare user entered data with AIS (Performs AI-assisted matching of Salary, Capital Gains, Interest Income, Dividends, TDS, and Tax Payments across AIS and taxpayer records)
• Detects mismatches, duplicates, and missing entries
• Ensures the return is complete and accurate

Even with complex and unstructured data, EZTax converts it into clear, structured, and accurate tax information

3. Smart Dividend Reconciliation with EZTax AI

Accurate tax filing requires careful validation and reconciliation of information reported across multiple sources. To help taxpayers and tax professionals achieve greater accuracy, EZTax's enhanced Smart AIS Reconciliation now includes advanced Dividend Income Reconciliation capabilities.

Dividend income is often reported across AIS, Form 26AS, broker statements, which can result in differences due to reporting timelines, data inconsistencies, or incomplete disclosures.

Our enhanced Smart AIS Reconciliation now delivers granular Dividend Income analysis, helping taxpayers identify mismatches instantly before filing.

EZTax AI Instantly Compares

• Dividend as per AIS
• Dividend as per prefill data or Form 26AS
• Dividend Income reported in the ITR

What EZTax Identifies

• Missing Dividend Income
• Duplicate Dividend Reporting
• Differences between AIS and Form 26AS/prefill data
• Variances between taxpayer-entered data and government-reported information
• Reporting gaps caused by timing differences in AIS and Form 26AS updates

Particularly Valuable For

• NRIs receiving dividends from multiple Indian companies
• Investors with thousands of dividend transactions
• AIS statements running into hundreds of pages
• Cases involving Section 195 TDS deductions
• Taxpayers claiming DTAA-adjusted withholding rates
• Investors maintaining multiple broker and custodial accounts

Instead of manually reviewing hundreds or thousands of dividend entries, EZTax AI provides actionable reconciliation insights, helping taxpayers and tax professionals file more accurate and compliant returns.

4. What is AIS and what does it contain?

• AIS is a comprehensive statement containing details of the financial transactions undertaken by a taxpayer during the financial year.
• AIS Contains Salary, Savings Bank interest, FD interest, other interest, Interest from ITD refund, capital gains from shares and mutual funds, business income, TDS, Advance Tax and self-assessment tax payment details

Read more How to download Form 168 (aka Form AIS) from Income Tax Portal?

5. How EZTax Uses AIS Data?

EZTax uses your AIS (Annual Information Statement) as a strong starting point to make your Income Tax Return (ITR) filing easy and accurate.

• Step 1: Download AIS: The taxpayers are required to download AIS from Income Tax Portal in pdf format.
• Step 2a: Upload in EZTax: The AIS PDF can be uploaded within the EZTax Capital Gains section using the AIS password. (this will upload capital gains transactions in to CG questionnaire in a split second operation). This step is with an intent to upload all Equities, MFs, and any other market based transactions.
• Step 2b: If you have already prepared your ITR and your intent is only to upload AIS and reconcile, go to "Creative Audit & eFile" screen and upload AIS to reconcile all incomes and TDS.
• Step 3: AI Based processing: EZTax AI automatically reads and organizes the financial information available in the uploaded statement.

  The platform helps classify and organize Capital gains transactions, Interest income, Dividend income, salary information, TDS details, tax payments

• Step 4: Review & Reconciliation The taxpayers can review, edit, or reconcile these transactions with broker statements, capital gains reports and other reports to ensure accurate computation before filing. This reduces your manual work and makes the entire filing process faster and less stressful.

EZTax uses AI-assisted tax intelligence to simplify data extraction, classification, reconciliation, and tax computation workflows for taxpayers.

Read more about how AI is transforming tax compliance in India @ How AI is Revolutionizing Tax Compliance in India: From Automation to Predictive Intelligence (2026 Update)

6. What Sections & Transactions Does EZTax AIS Cover?

EZTax primarily processes AIS data to simplify income classification and reconciliation of multiple incomes.

1. Capital Gains from Shares and Mutual Funds: EZTax AI automatically classifies transactions into Equity vs Debt and STCG vs LTCG
2. Interest Income: Savings Bank, Fixed Deposit, Recurring Deposit, other interest and interest from ITD refund
3. Salary Income: Gross Salary, perquisites
4. Business or professional income
5. Dividends
6. TDS on all incomes
7. Advance Tax or Self-Assessment tax payments

7. When Should You Depend on Broker Statements or other sources?

While AIS is a comprehensive statement, it should not be the sole source for capital gains reporting. The taxpayers need to reconcile the capital gains from shares and mutual funds with broker capital gain statements in the scenarios below.

• When invested in mutual funds directly through broker (there is a possibility of duplicate reporting in AIS in this case by depositories and share transfer agents)
• When there is bonus issue, stock split, mergers etc
• Multiple brokers exist
• If the purchase value is 0 in AIS
• If the sale of shares includes stock options like ESOP
• If you have F&O or Intraday trading

It is recommended for the taxpayers to reconcile the data with broker statements to ensure accuracy.

Modern tax filing requires more than simple data entry. It requires intelligent classification, reconciliation, validation, and careful review of information reported across multiple financial systems.

EZTax helps taxpayers convert fragmented and unstructured financial data into organized, review-ready tax information that supports accurate and compliant Income Tax Return filing.